Schools - Tax Credit Reporting

In December 2002, the Internal Revenue Service (IRS) issued final regulatory information on 1098-T reporting. These final rules and regulations contain important information that will impact the Tax Year 2003 (TY2003) reporting process (deadline for reporting to students is January 31, 2004). Conduent' Tax Credit Reporting Service (TCRS) will work with you to provide the information needed to ensure that your school's 1098 -T reporting is in compliance with IRS regulations.

We will work with you to define options for managing your 1098-T reporting effort , and help your staff to develop a comprehensive and easy process to extract both demographic and financial data to submit for inclusion on the 1098-T form. Our TCRS system also provides several options for generating demographic and financial data and gives you control over the method in which the financial data is reported.

We maintain secure web sites for use by school staff to administer student information , create reports on various categories of data, and view and print 1098-T forms for students. TCRS also provides a secure web site for students (www .1098-T.com ) Through www.1098-T.com students can view their forms, gain valuable information about education tax credits and deductions, and receive instructions on what to do with the 1098-T form.

Financial reporting requirements are here. Make sure your school is ready. For more information visit http://www.tcrs.com/ or contact us at 877.829.1098.